CPM: Labour Report (Day 705)
Day 705, 20:26
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Published in Canada 
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by
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by Addy Lawrence
A little background on this report. Each week, I go to the labour market. I log all of the offers at that moment. I group them by discipline and by skill level. I then compare them to previous reports.
Note that I am running for congress in Ontario under the banner of the CPF. Here is my campaign presentation, please consider voting for me.
Labour
In the building trade, offers are up (45 v 27 v 34) and wages are down ($10.24 v $12.87 v $14.09). Building is consistently the highest paid trade and remains so this week, even with a drop in pay of over $2. The hospital projects are driving this, and based on the high number of high skill offers (26 offers in 5/6/7 brackets) people are looking for high level producers and willing to pay big bucks for them.
In the gathering trade, offers are up (106 v 79 v 89) as are wages ($6.93 v $6.42 v $8.21). The commodity markets, and moreso the product market, are really tightening up; GM's are really chasing the 5/6/7 bracket with 45 of the offers in this area, only 7 job offers exist in the 0/1/2 bracket.
In the producing trade, offers are down (83 v 105 v 100) and wages are down ($5.49 v $6.38 v $6.45). This is the lowest wage observed to date, breaking last week's record. The proliferation of gun companies and the impending assembly of eCanada will put even more pressure on this as producers at gun plants across the country find themselves without a war to fight. The offers are pretty consistent in number across skill levels.
I've added another chart for labour, this one shows how much GM's pay for the skill level of the employee (ie $5.00 for a 2 skill worker would be $2.50 per skill or 250
By rights, this ratio should be consistent for each labour type and should only vary by the quality of the company (ie must compensate employees for the cost of food to maintain wellness).
Who's your daddy? Addy's your daddy!!!
Note that I am running for congress in Ontario under the banner of the CPF. Here is my campaign presentation, please consider voting for me.
Labour
In the building trade, offers are up (45 v 27 v 34) and wages are down ($10.24 v $12.87 v $14.09). Building is consistently the highest paid trade and remains so this week, even with a drop in pay of over $2. The hospital projects are driving this, and based on the high number of high skill offers (26 offers in 5/6/7 brackets) people are looking for high level producers and willing to pay big bucks for them.
In the gathering trade, offers are up (106 v 79 v 89) as are wages ($6.93 v $6.42 v $8.21). The commodity markets, and moreso the product market, are really tightening up; GM's are really chasing the 5/6/7 bracket with 45 of the offers in this area, only 7 job offers exist in the 0/1/2 bracket.
In the producing trade, offers are down (83 v 105 v 100) and wages are down ($5.49 v $6.38 v $6.45). This is the lowest wage observed to date, breaking last week's record. The proliferation of gun companies and the impending assembly of eCanada will put even more pressure on this as producers at gun plants across the country find themselves without a war to fight. The offers are pretty consistent in number across skill levels.
I've added another chart for labour, this one shows how much GM's pay for the skill level of the employee (ie $5.00 for a 2 skill worker would be $2.50 per skill or 250
😵.
By rights, this ratio should be consistent for each labour type and should only vary by the quality of the company (ie must compensate employees for the cost of food to maintain wellness).
Who's your daddy? Addy's your daddy!!!
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Comments
First
Cool! It's been a while since I've seen an economic report like this. 🙂
Excellent work Addy. You are destined to be MoF.
I don't know if anybody 's interested but the cost per productivity
point in Q1 manufacturing is around 40 cents perproductivity point assuming high(95 well. and optimum number of employees also based on highest job offers from skill 4-6). Skill 3's are actually a bargain now at around 28 cents per productivity point(based on same assumptions).However cost per productivity point(base unit) in Q3 land company is around 18-22 cents .